Word: feds
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Dates: during 1980-1989
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...illness got worse, he was moved to an upper-story room with a view of the mountains. By late June he was taken to a hospital. After he had to be fed intravenously for more than a week, the Iranians decided to send him home. Happily dining on Maine lobster once again, Queen remains vividly impressed with the determination of the Iranians at the embassy. "One told me with a straight face that in 50 years the U.S. would be an Islamic republic. Khomeini is their...
...mail a pamphlet explaining the new rules, known as Amended Regulation E. to its 120,000 customers. Demurring, the bank argued that it was following the regulations already and that its customers were not interested in the minutiae of Government rules. Brushing aside Northwestern National's objections, the Fed told it to get on with...
With welfare costs soaring, West Germans are getting fed up with the immigrants' abuse of their country's hospitality. A number of cities-including Frankfurt and Essen-with large populations of foreign Gastarbeiter (guest workers) and recent immigrants have declared themselves closed to any more asylum seekers. Reason: they feel they are bearing a disproportionate share of the economic burden...
Meanwhile, a series of surprising actions by the Federal Reserve in recent weeks suggests that Chairman Paul Volcker would like to see those volatile rates remain low in order to prevent the recession from getting any worse. The Fed has switched from a draconian clampdown on the growth of money all spring to a breathless 14.9% annual rate of increase in June. Moreover, it has begun cautiously lowering the levels to which it will let certain key interest rates sink. At the same time, the U.S. central bank, in a further effort to feed cash and credit back into...
...convention officials made sure the "important" media types (the press was arranged in a convenient caste system with t.v. at the top and college publications roughly on the bottom) got on the floor, and that lesser lights stayed off. The media operations center run by the Republican National Committee fed the journalists an endless series of press releases. Other "publications," like "The Dick Lugar News" and "News about Bob Dole" mysteriously appeared alongside prepared texts of speeches. Thrilling reading, these...